E-L Financial Corp Ltd (ELF) - Net Assets

Latest as of September 2025: CA$10.23 Billion CAD ≈ $7.40 Billion USD

Based on the latest financial reports, E-L Financial Corp Ltd (ELF) has net assets worth CA$10.23 Billion CAD (≈ $7.40 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$29.37 Billion ≈ $21.25 Billion USD) and total liabilities (CA$19.14 Billion ≈ $13.85 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check E-L Financial Corp Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$10.23 Billion
% of Total Assets	34.84%
Annual Growth Rate	10.83%
5-Year Change	27.29%
10-Year Change	77.2%
Growth Volatility	11.41

E-L Financial Corp Ltd - Net Assets Trend (1993–2024)

This chart illustrates how E-L Financial Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore ELF total assets for the complete picture of this company's asset base.

Annual Net Assets for E-L Financial Corp Ltd (1993–2024)

The table below shows the annual net assets of E-L Financial Corp Ltd from 1993 to 2024. For live valuation and market cap data, see ELF market cap overview.

Year	Net Assets	Change
2024-12-31	CA$9.74 Billion ≈ $7.04 Billion	+17.87%
2023-12-31	CA$8.26 Billion ≈ $5.98 Billion	+6.70%
2022-12-31	CA$7.74 Billion ≈ $5.60 Billion	-9.91%
2021-12-31	CA$8.60 Billion ≈ $6.22 Billion	+12.35%
2020-12-31	CA$7.65 Billion ≈ $5.53 Billion	+3.63%
2019-12-31	CA$7.38 Billion ≈ $5.34 Billion	+12.91%
2018-12-31	CA$6.54 Billion ≈ $4.73 Billion	-0.49%
2017-12-31	CA$6.57 Billion ≈ $4.75 Billion	+11.05%
2016-12-31	CA$5.92 Billion ≈ $4.28 Billion	+7.67%
2015-12-31	CA$5.50 Billion ≈ $3.98 Billion	+8.72%
2014-12-31	CA$5.05 Billion ≈ $3.66 Billion	+10.78%
2013-12-31	CA$4.56 Billion ≈ $3.30 Billion	+15.00%
2012-12-31	CA$3.97 Billion ≈ $2.87 Billion	+35.17%
2011-12-31	CA$2.94 Billion ≈ $2.12 Billion	+5.02%
2010-12-31	CA$2.79 Billion ≈ $2.02 Billion	+7.28%
2009-12-31	CA$2.61 Billion ≈ $1.88 Billion	+11.34%
2008-12-31	CA$2.34 Billion ≈ $1.69 Billion	-17.42%
2007-12-31	CA$2.83 Billion ≈ $2.05 Billion	+13.59%
2006-12-31	CA$2.49 Billion ≈ $1.80 Billion	+11.21%
2005-12-31	CA$2.24 Billion ≈ $1.62 Billion	+27.23%
2004-12-31	CA$1.76 Billion ≈ $1.28 Billion	+21.49%
2003-12-31	CA$1.45 Billion ≈ $1.05 Billion	+8.24%
2002-12-31	CA$1.34 Billion ≈ $969.91 Million	+0.93%
2001-12-31	CA$1.33 Billion ≈ $960.99 Million	+9.77%
2000-12-31	CA$1.21 Billion ≈ $875.48 Million	+13.77%
1999-12-31	CA$1.06 Billion ≈ $769.54 Million	+5.70%
1998-12-31	CA$1.01 Billion ≈ $728.01 Million	+40.40%
1997-12-31	CA$716.80 Million ≈ $518.52 Million	+32.89%
1996-12-31	CA$539.40 Million ≈ $390.19 Million	+9.57%
1995-12-31	CA$492.30 Million ≈ $356.12 Million	+9.77%
1994-12-31	CA$448.50 Million ≈ $324.44 Million	+11.73%
1993-12-31	CA$401.40 Million ≈ $290.37 Million	--

Equity Component Analysis

This analysis shows how different components contribute to E-L Financial Corp Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 2165.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CA$8.02 Billion	94.66%
Common Stock	CA$62.35 Million	0.74%
Other Comprehensive Income	CA$36.70 Million	0.43%
Other Components	CA$353.15 Million	4.17%
Total Equity	CA$8.47 Billion	100.00%

E-L Financial Corp Ltd Competitors by Market Cap

The table below lists competitors of E-L Financial Corp Ltd ranked by their market capitalization.

Company	Market Cap
Challenger Ltd AU:CGF	$4.28 Billion
Gujarat Fluorochemicals Limited NSE:FLUOROCHEM	$4.28 Billion
GlaxoSmithKline Pharmaceuticals Limited NSE:GLAXO	$4.28 Billion
NorthWestern Corporation NASDAQ:NWE	$4.28 Billion
ENSTAR GROUP LTD DL-01 F:48R	$4.27 Billion
Sydbank A/S CO:SYDB	$4.27 Billion
Bilfinger SE XETRA:GBF	$4.27 Billion
Novanta Inc F:1GSN	$4.27 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in E-L Financial Corp Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 7,113,781,000 to 8,469,016,000, a change of 1,355,235,000 (19.1%).
Net income of 1,570,027,000 contributed positively to equity growth.
Dividend payments of 275,179,000 reduced retained earnings.
Share repurchases of 977,000 reduced equity.
Other comprehensive income increased equity by 13,937,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$1.57 Billion	+18.54%
Dividends Paid	CA$275.18 Million	-3.25%
Share Repurchases	CA$977.00K	-0.01%
Other Comprehensive Income	CA$13.94 Million	+0.16%
Other Changes	CA$47.43 Million	+0.56%
Total Change	CA$-	19.05%

Book Value vs Market Value Analysis

This analysis compares E-L Financial Corp Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.74x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 18.06x to 0.74x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1993-12-31	CA$0.95	CA$17.08	x
1994-12-31	CA$1.05	CA$17.08	x
1995-12-31	CA$1.15	CA$17.08	x
1996-12-31	CA$1.29	CA$17.08	x
1997-12-31	CA$1.74	CA$17.08	x
1998-12-31	CA$2.47	CA$17.08	x
1999-12-31	CA$2.61	CA$17.08	x
2000-12-31	CA$2.97	CA$17.08	x
2001-12-31	CA$3.26	CA$17.08	x
2002-12-31	CA$3.30	CA$17.08	x
2003-12-31	CA$3.58	CA$17.08	x
2004-12-31	CA$4.19	CA$17.08	x
2005-12-31	CA$4.77	CA$17.08	x
2006-12-31	CA$6.71	CA$17.08	x
2007-12-31	CA$7.35	CA$17.08	x
2008-12-31	CA$5.97	CA$17.08	x
2009-12-31	CA$6.37	CA$17.08	x
2010-12-31	CA$5.95	CA$17.08	x
2011-12-31	CA$6.22	CA$17.08	x
2012-12-31	CA$7.03	CA$17.08	x
2013-12-31	CA$8.09	CA$17.08	x
2014-12-31	CA$9.65	CA$17.08	x
2015-12-31	CA$10.77	CA$17.08	x
2016-12-31	CA$11.39	CA$17.08	x
2017-12-31	CA$12.80	CA$17.08	x
2018-12-31	CA$12.86	CA$17.08	x
2019-12-31	CA$14.56	CA$17.08	x
2020-12-31	CA$15.61	CA$17.08	x
2021-12-31	CA$18.04	CA$17.08	x
2022-12-31	CA$18.90	CA$17.08	x
2023-12-31	CA$19.01	CA$17.08	x
2024-12-31	CA$23.02	CA$17.08	x

Capital Efficiency Dashboard

This dashboard shows how efficiently E-L Financial Corp Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 18.54%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 46.90%
• Asset Turnover: 0.12x
• Equity Multiplier: 3.32x
Recent ROE (18.54%) is above the historical average (8.84%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1993	11.46%	4.83%	0.29x	8.11x	CA$5.31 Million
1994	10.18%	5.05%	0.27x	7.52x	CA$730.00K
1995	9.82%	4.84%	0.29x	6.88x	CA$-800.00K
1996	11.66%	6.02%	0.27x	7.22x	CA$8.27 Million
1997	24.93%	14.66%	0.22x	7.68x	CA$99.64 Million
1998	6.01%	5.16%	0.20x	5.81x	CA$-37.91 Million
1999	5.25%	4.44%	0.21x	5.75x	CA$-47.55 Million
2000	6.44%	5.79%	0.20x	5.49x	CA$-40.58 Million
2001	6.17%	5.91%	0.29x	3.62x	CA$-47.92 Million
2002	4.06%	3.73%	0.29x	3.73x	CA$-75.23 Million
2003	3.41%	2.84%	0.31x	3.89x	CA$-90.67 Million
2004	12.50%	10.61%	0.33x	3.59x	CA$41.98 Million
2005	15.33%	13.34%	0.32x	3.63x	CA$102.14 Million
2006	15.54%	16.05%	0.32x	3.07x	CA$132.75 Million
2007	7.80%	9.74%	0.26x	3.05x	CA$-59.36 Million
2008	-5.74%	-7.96%	0.21x	3.41x	CA$-349.03 Million
2009	-7.54%	-8.59%	0.25x	3.50x	CA$-430.16 Million
2010	6.94%	6.56%	0.30x	3.52x	CA$-80.64 Million
2011	-1.61%	-1.55%	0.19x	5.37x	CA$-315.82 Million
2012	14.19%	32.88%	0.09x	5.00x	CA$139.61 Million
2013	23.78%	57.04%	0.10x	4.18x	CA$524.07 Million
2014	9.54%	17.04%	0.13x	4.24x	CA$-19.43 Million
2015	11.17%	26.90%	0.10x	4.01x	CA$55.55 Million
2016	6.59%	19.72%	0.08x	4.11x	CA$-170.83 Million
2017	11.86%	28.39%	0.10x	4.05x	CA$103.82 Million
2018	0.50%	2.63%	0.05x	3.84x	CA$-527.90 Million
2019	11.84%	25.73%	0.12x	3.76x	CA$116.38 Million
2020	7.73%	19.64%	0.10x	3.83x	CA$-148.08 Million
2021	15.94%	50.17%	0.09x	3.66x	CA$434.25 Million
2022	-4.94%	0.00%	-0.05x	3.50x	CA$-1.00 Billion
2023	13.43%	31.87%	0.12x	3.62x	CA$243.90 Million
2024	18.54%	46.90%	0.12x	3.32x	CA$723.13 Million

Industry Comparison

This section compares E-L Financial Corp Ltd's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

Industry: Insurance - Life
Average net assets among peers: $23,872,344,000
Average return on equity (ROE) among peers: 7.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
E-L Financial Corp Ltd (ELF)	CA$10.23 Billion	11.46%	1.87x	$4.28 Billion
Great-West Lifeco Inc. (GWO)	$13.33 Billion	15.84%	7.88x	$48.22 Billion
Manulife Financial Corp (MFC)	$52.49 Billion	11.02%	18.54x	$64.53 Billion
Power Corporation Of Canada (POW)	$24.15 Billion	2.82%	4.92x	$32.10 Billion
Sagicor Financial Company (SFC)	$5.52 Billion	0.95%	0.12x	$932.19 Million

About E-L Financial Corp Ltd

TO:ELF Canada Insurance - Life

Market Cap

$4.28 Billion

CA$5.91 Billion CAD

Market Cap Rank

#3982 Global

#129 in Canada

Share Price

CA$17.08

Change (1 day)

+0.18%

52-Week Range

CA$14.37 - CA$1660.00

All Time High

CA$1660.00